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CNBC
Feb 17, 2013 7:30pm EST
recovering. the job is recovering. the energy boom is helpful. the housing market has bottomed out and beginning to pick up. balance sheets, consumer balance sheets, business balance sheets are doing well and exports are doing well. which is a key area of interest for me. >> how do we take that the next step further? is it exports? is that how you do it? open trade? >> i think there are -- all of these elements are important. from my point of view, the state department, exports are very important to the whole economy and to jobs because 95% of the world's consumers live outside the united states, so we're trying to promote american exports by promoting american companies, ensure there are fair trading rules in the global system so it's not distorted by state subsidies or state enterprises. we're also making a major effort through the partnership trade negotiations and now the president announced negotiations with europe. that can open up new markets and provide new opportunities for american companies, and we're trying to attract foreign investment in the united states, which does crea
CNBC
Feb 12, 2013 9:00pm EST
nation's middle class and is expected to discuss investment in infrastructure and clean energy, all ostensibly without increasing the nation's deficit. beginning the republican response tonight as well from marco rubio. john, a lot of discussion tonight about the tone. the dow is at a fresh five-year high but a couple of wild cards in the form of north korea, foreign policy, a standoff in california tonight, the gun debate. >> the gun debate is one that's thrust itself into the nation's attention span, and the president's agenda, and this is going to only encourage that, but really the tone everybody is looking for is his tone vis-a-vis republicans. the inaugural, he had his elbows out a little bit. he was very newly confident just coming off that re-election. people will be watching to see how aggressive and confrontational he will be with them on the deficit, on the investment proposals he's going to make tonight which are modest but, nonetheless, are there. and on immigration, which is one way republicans are coming his way. >> larry kudlow, tonight you talked about the line betw
CNBC
Feb 19, 2013 6:00pm EST
working. yhoo. >> karen? >> i still like gm. >> josh? >> mentioned energy earlier in the show. get long ieo. i think it keeps going from here. >> the marblettes. >> thanks for watching. back here again at 5:00 thom for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. >>> i'm jim cramer. welcome to my world. >> you need to get in the game! >> they're going to go out of bit. he's nuts. they're nuts. they know nothing. >>> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to educate and teach, so call me at 1-800-743-ccnbc. >>> people like -- the s&p falling 7.3%, and the nasdaq climbed 0.68%. >> house of pleasure. >>> it's a natural instinct to fight given how immediate yolk are fights have been, but buy the dips, sell the rips attitude has been the way to go. the way to win since 2000, but it sure isn't winning now. you sold the rips, you sold a ton of stocks a long time ago. you don't have any
CNBC
Feb 11, 2013 5:00pm EST
drastic pay back may be the shareholder's best bet. energy independence. and, when it comes to oil, the focus is on north america, not the middle east. and gold breakdown. dennis gartman on why gold continues to lose its luster. but first, got to get to our top trade here, because the s&p 500 is hovers at 1500 yet again, our traders have found ways to play this rally. guy? >> hi, mel. >> valentine's week, just so you know. waiting for my gift. you laugh. valuation is crazy, 21 times forward earnings. you go back to the last quarter, operating margins, much better than expected. i know valuations are stretched. wig short interest here. still goes higher. >> is that connected to valentine's day week? >> no. nothing to do with it. >> not taking your wife to dunkin' donuts? >> just making sure mel knows, i'm waiting for my gift on thursday and that's putting it out there. >> wow. >> keep on a-waiting. pete? >> medical equipment. look at medtronic. they continue to hit 52-week high. had option activity last week. more followup activity today. before their earnings next week, a week from
CNBC
Feb 13, 2013 7:00pm EST
energy. here's my take. if it was going to work all this throwing more, it's going to work to throw the economy up, it would have already worked. it's more of the same from mr. obama but these government planning efforts have never worked. we have a subpar 2% growth company and they're planning and spending and directing will never work. me? i was just hoping for some real economic growth measures, as i said, like a corporate tax reform. what's wrong with that? keystone pipeline, more limited rnme but it was not to be, at least not last evening. let's talk to our guests. we got a full house tonight. joining me tonight is austen golsby and we're delighted to have kelly ann conway and forbes's magazine executive editor. this is the best economic growth message of the last 24 hours and it came from senator marco rubio. >> presidents in both parties from john frj. kennedy to ronal reagan have known a free enterprise economy is the source of our middle class prosperity. >> i want to start with that. no planning, no government direction, no subsidies, no collective action. i was hoping that y
CNBC
Feb 11, 2013 7:00pm EST
jobs and the economy. really? but will there be anything new? or just more green energy and higher taxes? we've heard that stuff before, but let's go to our panel. here's robert wolfe host of impact players on reuters tv. cnbc contributor bob lutz. former gm vice chair and author of car guys versus bean counters. and michael steele former republican national committee chairman. welcome, gentlemen. bob lutz, let me go to you. what do you want to hear from the president tomorrow night? >> well, i'd like to hear a genuine jobs creation scheme, a reduction or certainly a mitigation of a lot of current regulations. and less emphasis on green energy schemes. i was very somewhat frightened by the inaugural address citing global warming as the -- co2 reduction as the number one priority. that sounds to me like more green energy schemes and a deemphasis on something like exploiting the nation's plentiful shale gas reserves which if properly exploited could make us hugely competitive as a manufacturer. but i'm afraid all that's going to be on the back burner because according to the inaugura
CNBC
Feb 13, 2013 6:00am EST
is a huge story. >>> in other news, the international energy agency is now cautioning expectations that higher oil demand growth this year could be overly optimistic. the watchdog group is warning that recent signs of the recovery could be the result of one off factors and not a sustained trend of improvement. so the iea is cutting its oil demand growth forecast for the coming year by a marginal 90,000 barrels a day. also in the news, j cpenney increasing borrowing capacity under a bank credit facility by $ 00 million. up now to -- $100 million. now to $1.9 billion. the retailer expanding an option to buy more at a later date. the news said to be raising concerns among analysts as the retailer works on that turnaround. >>> and conditions on a disabled carnival cruise ship in the gulf of mexico, they're in dispute. the company says it's making passenger -- passengers stranded aboard as comfortable as possible with running water, working bathrooms. this contradicts accounts of some passengers who told relatives about filthy, hot conditions, and limited access to food. i saw a report
CNBC
Feb 13, 2013 3:00pm EST
wishes they could do that. it's going to be great. i'll tell you something. energy costs will it be to go down. we'll become energy self-sufficient and you watch what happens to the cost of manufacturing. i'm going to bet you our manufacturing does well because -- not because our dollar is going to weaken because we'll actually have less expenses going out to energy and that will make us competitive. >> but unless the next energy czar the president appoints like the past one thinks maybe put a tax on gas to get it to $10 so the motor mounds for the windmills on chevys works a whole lot better. >> rick, you can bring your blood pressure down. he won't have to do it. we'll have enough cheap energy that we're going to be okay with. >> that really probably the single sort of biggest conversation amongst leaders in davos, that for the u.s., probably the biggest opportunity for actual moving the needle in terms of energy is shale. >> but, maria -- >> that's true. >> dramatic globalismcations in terms of the u.s. current account deficit. if you think about the money we ship now to opec and so
CNBC
Feb 12, 2013 7:00pm EST
growth tax reform. using energy resources. those are the types of proposals that he needs to make. that is what creates a lot of revenue. that would reduce our deficits but that is not the change of the course unfortunately. >> might obama surprise us tonight? larry summers wrote about this. might he surprise us and be more pro growth? >> he is. he has to have a strong middle class. the middle class has been under attack. and i think what you are boeing to see this president is going to want to put middle class people to work. we want to help the middle class but we have had the obama formula. we have had the spending and the temporary tax rebates and we haven't had the growth. where is the goods on this where is the beef on this? >> when we have had what we had in 2008, i think we did pretty well from that. it is true. in order to build this country. you have to have a strong middle class. the top 1% makes 225 times as much as the bottom. i don't think we ought to raise taxes but we need to make sure the middle chas gclass gets a break. >> one of the miracle parts of the economy is the
CNBC
Feb 19, 2013 4:00pm EST
consumer? >> lindsey, what about that? how do you see it? how important are energy prices to consumer. >> is there a point where people stop driving in. >> i'm not sure if there's a specific point but it will have a very dramatic impact on the consumer. the easiest way to derail the consumer is sustained high energy prices and during this period of minimal job creation and lower incomes, consumers cannot absorb the price increase without cutting back elsewhere. if consumers are not out there spending and instead struggling to fill up the family car if gasoline does push to $4, $5, they will be spending 15% to 20% of their disposable income. that leaves very few dollars to spend on other goods and services so we'll see a very negative impact on overall growth. >> i'm questioning why gasoline prices are where they are. all year and for the last couple of years all i'm hearing about is shale. shale, shale and the opportunity for fracing in the united states, that this country is so rich in energy, and we could actually become an energy exporter by 2020. to what would you attribute the pr
CNBC
Feb 15, 2013 7:00pm EST
manufacturing. bolstering manufacturing in this country is largely about exploiting the north american energy boom. and i think the keystone -- >> you know, when he says manufacturing, katie, he's thinking about solar, windmills -- >> oh, no way, larry. >> he's thinking about battery companies that we subsidize -- >> 1% of the energy portfolio. >> his view of manufacturing is much different than my view of manufacturing. is it different than your view of manufacturing? >> it is. and i think if you look at the president that we saw during the last bits of the campaign when he started to sound like a texas republican when it came to drilling and expanding our energy independence it's quite at odds of where he is today, sort of caught between his two lovers, on the one side we have the environmentalists and on the other we have labor. i ultimately think he's going to move forward with it. i hope he does. we need the jobs. the unions are pretty clear that this country needs those jobs. and frankly we need to move in the direction of more energy independence, larry. >> how about this? this is a li
CNBC
Feb 14, 2013 12:00pm EST
. you're right, they have had a big run. we expect some consolidation along the way. joe? >> energy is leading the market higher and really been a sector that a lot of the investment banking community at the beginning of the year did not focus on. do you believe this further appreciation is warranted and is it indicative of the overall sentiment of the market? >> you have to look at commodities and basically try to get a sense of is there a commodities cycle in the up or down cycle. for this year they might see strength going back to china. if china picks up steam some commodities for instance like oil will do well which will benefit the energy space. >> if you like financials i'm going to guess you really don't like treasuries. >> correct. >> in order for the banks to do well the net products have to do well and for cyclicals to do well the economy has to improve. where do you see the ten-year going? right now it's just over 2%. >> right now it's tough to answer that but if you look for the next year or two years, the treasury yield to be up higher. inflation now is at 2%, the ten-yea
CNBC
Feb 14, 2013 7:00pm EST
, regulation, work force, energy. those are the issues that really drive us. we want manufacturers in the united states but as long as we have the policies that we have in washington right now, they're not goung vest here. in fact, two-thirds of the manufacturers say that the climate in washington is such that they do not want continue to vest. >> i get that. jay timmons, thank you for being here. diana roth, jim pet koukis, what do you think of this? >> president obama doesn't count oil as manufacturing. he picks and chooses between good manufacturing and bad manufactures. >> am i wrong to ask the request about what constitutes manufacturing? i don't understand that. what's manufacturing? >> i don't think it's an unfair question. i think the larger story is why we're picking any one particular industry over another. at the end of the day, you want jobs to be created where they're going to be created and you doesn't want anybody picking that particular industry. i don't know why manufacturing is better than toy building or home building or anything else. >> it's picking winners and losers
CNBC
Feb 19, 2013 5:00pm EST
right now is energy. specifically exploration and protection. they have not kept pace over the last couple of years with the rest of this market, so, if you want to own the basket, the ticker is ieo. specific names, look at apache, every one of these charts looks incredible and valuation-wise, they still have room. >> why not go with the refiners? >> what i'm pointing to you is the next refinery -- the refiners, those charts are hockey sticks. you want to focus on companies that can do what the refiners have done. if you get an uptick in nat gas and oil, these are the names most levered to it. and they are not screamingly expensive. >> hi, guy. >> hi, mel. oracle. i'm not a believer we're breaking out. we'll get into that later. >> why not? >> do you want me to give you the top trade? >> go ahead. >> look at oracle, the deal got approval today. that stock has been on fire. going to basically make a 13-year high in the next couple of days. i think oracle still works here. they do everything right. valuation for that company might be stretched. love the name. >> karen? >> i'm not real
CNBC
Feb 11, 2013 6:00pm EST
tech, only one can be a health, only one can be an energy or a food and beverage, but what if you're not sure? i need you to err on the side of caution. we've played this game so many eyears a lot of people were not sure. if two stocks trade together, if they succeed or fail based on the same failure, then you're not diverse philadelphia. take a look at their stock trading history. go -- the graphs are everywhere these days. are they in tandem? pick one, drop another. if the oil producer is the same sector. and i'm not doing this to be arbitrary and capricious or make it more difficult to invest. these aren't big technicalities people. when you get too concentrated in one area, then the moment something bad happens you'll want the throw yourself off the bridge. the losses will be -- enormous. imagine if you own too many health care stocks right before they got whacked by congress. how about banks in the financial regulatory reform that congress produced in response to the crisis? and this soured too many people, too many tech stocks going to the dotcom bust or perhaps you own many st
CNBC
Feb 11, 2013 9:00am EST
for you, too. let's check out the latest moves in energy and metals, too. sharon epperson at the nymex. >> good morning, carl. gold has not been such a great trade. we're seeing gold prices at a five-week low right now. a lot of technical selling going on, prices below 1650 an ounce. the selling we're seeing the lowest in the average. the volume is then with the lunar new year in asia. and that holiday also creating a lot of lack of liquidity in the marketplace. we're looking as well at the g-7 and what they're going to say about currency devaluations. that is something that is worrisome to traders. overall we've seen the rotation out of gold and into equities. it seems as ubs points out, that a lot of traders don't want to be in this safe haven of gold, they want to be in riskier equities. that's the indication we've been seeing for the last several weeks. we're also watching what's happening in the energy space. a pullback after hitting the yearly highs for brent crude and for refined fuels on friday. the pullback that we're seeing, though, in brent, really not that severe as t
CNBC
Feb 13, 2013 1:00pm EST
... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood
CNBC
Feb 19, 2013 2:00pm EST
. we live with it. >> another chart to show you. energy bill is not only gasoline. you have gasoline, diesel. then you have things like natural gas and electricity. that's the year over year price change in the energy commodities versus energy services. the services are the electricity and natural gas. those have been negative. it's the smaller part of the energy bill but there is an offset. >> it all evens out. >> it doesn't all even out. it is on the upswing. in general there's an offset there. i'm paying less for gasoline, more for gasoline, less for natural gas. those two combined, 9 or 10% of the total consumer bill, consumer spending. it's not that big a deal in total but in our brains it's a huge amount. >> therefore pay more for gasoline. >> bring in chris faulkner, president and ceo of bright link oil and gas. you heard our conversation, is four the new three. >> four is the new three and five is the new four. gas at $4.11 and the whole world ended. reported folks going to ride the bike to work, not going to drive my car, we're not that far but numbers seem staggeringly diff
CNBC
Feb 12, 2013 2:00pm EST
through. housing has probably in all likelihood has turned around at this point. the energy situation in the united states is terrific, and beyond the contemplation of anybody who grew up when i grew up sort of secure in the knowledge that the u.s. is going to have to import energy forever, and that may not necessarily be the case. so those are all tailwinds. the big problem is getting the country to receive that bounty and to plan for it and to structure itself in the right way. if you take energy, for example, we really have implemented an energy policy that will be able to take advantage of some of those blessings that have come our way. >> what do you make of the stock market, the fact that here we are at the fresh highs, literally made today that were less than 1% from all-time highs on the dow jones industrial average, despite the fact that there is a lot of noise out there. >> there always is a lot of noise. could i think of a million things that could go wrong and what people underestimate or underassess is that things could also go right. there's a lot of things going right, and
CNBC
Feb 19, 2013 9:00am EST
energy plan. that's a good place to start, carl. maybe four years from now we'll be talking about that. >> coming from a man who has literally converted cartoon gas on live tv. >>> we are tracking lebeau's electric journey. phil has his hands on the steering wheel. a lot more from phil in just a moment. >> right now, heading north of the jersey turnpike and a couple of things that stand out. the big one being what happens if you take the wrong turn and you're going to have a farther journey than you have battery capacity? well, we took a wrong turn already on this trip. fortunately, we've got enough battery to make it to the next destination. coming up next hour, we'll explain what happens when you do take the wrong turn in a model s. that's coming up on "squawk on the street." (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because
CNBC
Feb 11, 2013 2:00pm EST
energy sector. along with consumer discretionaries and materials, keep in mind we have weakness in gold and gold stocks today. that puts pressure on that group along with telecom stocks in today's session. that is offsetting the strength we are seeing in utilities as well as financials. both of those have been fairly strong throughout the day. i stand corrected on utility. they are weaker now but financials have been better performers. these are some weaker or leading decliners, which right now, is down just about 2.25 point. mandy, back to you. >> rick, we have new treasury supply. state of the union address tomorrow. what do we need to focus on for treasuries? >> i think in terms of the supply, i'm not worried. traders down here aren't worried. i think with the sluggish growth in europe, look for the auction to go well in terms of the inaugural address. many traders down the here would consider this an economic market fundamental to pay attention to. but they don't think the president will play a different groove of the sound track than he has been playing. so most traders kind of hav
CNBC
Feb 16, 2013 4:00am EST
financial, only one can be an energy company only one an industrial and only one can be a food and beverage maker. what if you're not sure? always err on the side of caution. if two stocks trade together, if the underlying companies succeed or fail based on the same factors, then you're not diversified. an oil driller and oil producer, we often get those on wednesday, people think they're different. they're both part of the same sector. software and hardware, they're both techs, like it or not. i'm not doing this to be arbitrary or capricious or make it more difficult now to pick stocks. these aren't vague technicalities. when you get too concentrated in one area the moment something bad happens one to of those big stocks, you're going to want to throw yourself off a bridge because the losses will be enormous. imagine if you owned too many industrials when the global economy started slowing down because of europe and fast growing economies like china slammed on the brakes with higher interest rates. you got obliterated. how about in if you owned too many banks right before the fina
CNBC
Feb 12, 2013 4:00pm EST
. he's also, we expect, going to talk about infrastructure, manufacturing, energy and education and making investments that is spending in all of those. we'll hear some of his ideas on the sequester and the debt crunch facing the united states and also, of course, those social issues that are going to be so important. guns and immigration. they are going to draw a lot of attention in this speech tonight and one thing to look for here, maria, apple ceo tim cook is expected to be sitting in the first lady's box tonight as a guest of the first family and one undercation we may hear of insourcing of jobs which is something apple has received notice for recently and trying to bring some of the manufacturing jobs back from overseas to the united states, maria. >> all right. thank you so much. as we contemplate what the president may or may not include in the speech tonight we want to know what wall street wants to hear that could send stocks to an all-time high this week or lower. joining us now to break that down, cnbc contributor rich bernstein and anthony chan of chase wealth managemen
CNBC
Feb 17, 2013 8:00pm EST
drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and
CNBC
Feb 19, 2013 3:00pm EST
heavily about solar stocks and alternative energy and referenced him again in his inaugural, and they have been up really since november. >> thanks, bob. a market that is rallying here. the market is 40 minutes before the closing bell sounds, and the market is higher, 52 points, and the s&p 500 showing a nice move on the upside, as you can see there. if you can't beat them, join them. best buy is set to begin price matching against online retailers. find out which shock you're better off with next? >> after a huge outcry from fans, including bill and myself, was this a marketing debacle like new coke or stroke of genius to drive sales? stay with us here on "closing bell." would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome back. shares of best buy get
CNBC
Feb 19, 2013 1:00pm EST
total investment according to eia. more to the energy bill and gasoline. consumer pay for both energy commodities, gasoline and diesel and energy services, electricity and natural gas. the gas part, that's the part that's been going up, the biggest part. the smaller piece, the utilities, they have been dock down. that's something of an offset, why the worst case scenarios courtney spun out may not come true. add up uncertainties, high gasoline prices, sequester, payroll taxes, security, growth, that line that goes through the green number, that's the range of forecast. you can see for the first quarter it's the largest, 3% to 1.5%. maybe lower if we get the sequester, payroll tax ends up worse than we thought. it's supposed to increase as the year goes by. two important off sets could be out there. housing is one. hiring and wages another. better housing values can make consumers feel more confident in spending. hiring and wages could give them the means to do so. >> i can see how higher gasoline prices canredirect spending. isn't gasoline one of the constituents of retail spending an
CNBC
Feb 14, 2013 5:00pm EST
gdp sensitive sectors and stocks like industrials, tech, energy, i think energy could do something pretty interesting this year because it's kind of a global cyclical play. the sectors i would avoid are expensive bond proxies, namely utilities and telecom. i think they have run up, it's all about a search for high yield and i think we're kind of at the end of that ride. >> thanks for joining us. bank of america, merrill lynch. grasso, bullish? >> here's the problem, exactly what she said. a slow grind higher, because everyone feels as if we're going to get that saelloff and no one is all in. and we might get them all in right around the all-time highs. >> and you're hoping she is wrong. because you're short -- you're ultra short. >> ultra short. i think that stuff is completely mental. everybody i listen to, see, anywhere, read, is bullish to all ends and the market is stuck at 1500, 1520. we went through this chart last week on the show. every time in the last 15 years, the s&p has gotten a 1600, it's been massively rejected and had a 30 or 40% drawdown. i don't think putting new
CNBC
Feb 15, 2013 1:00pm EST
4% today. how about energy stocks. the energy sector held up very, very well so far this year. we are near highs on most of these. today with the strong dollar, oil down and all of the big guys, apache and exploration production stocks and drillers like trans ocean and weather ford all on the down side. we did get a reversal yesterday with the airlines for a first time if a long time. all back up again today and we have regained losses we had yesterday. >> never behind, right? >> sort of just was a momentary blip here and people were thinking that now with all of the consolidation essentially over, allow the cost savings to realize how much more we are left in the airlines and dramatically raise the prices. >> two engines for the u.s. equity markets, lately. you're why as it went higher, so did our stock market and energy. >> both were going lower now and that served to stall our rally here. >> we have been stalled for a week and it has been churning and churning. unable it pierce the upper limit 55. every time we have the s & p, the market backs off. i'm not surprised with the ma
CNBC
Feb 13, 2013 9:00am EST
energy and on creating an energy security trust, using revenues from oil and gas industry to kind of get cars and trucks in the u.s. off of oil for good. and talked about cutting the red tape on gas and oil permits. that will have a longer term impact on prices, but today traders are buzzing about what happened overnight. the report from the american petroleum institute showed a decline in u.s. crude supplies. that's one factor supporting u.s. oil prices. add to that the international energy administration saying that opec production was actually at the lowest level in a year last month. so even if demand starts to come back, they did lower their forecast overall for global demand. if it starts to come back, that could be an issue with spare capacity. we'll find out a lot more about what's happening with the u.s. oil supply picture at 10:30 a.m. we'll get the report from the energy department. >> when we come back, republican congresswoman marsha blackburn of tennessee voted no on the fiscal cliff bill. how does she feel about the automatic spending cuts that could occur if congress cann
CNBC
Feb 16, 2013 6:00am EST
money. you want his or her energy and thoughts on this being the greatest day for them as well. so i just want you to consider weddings are weddings, that you don't have to get caught up in this magnificent wedding. can you just get caught up in the magnificent idea that both of you can compromise and that both of you can come together and so when both of you say "i do," that hopefully you never get to the point of where you're saying i wish i hadn't. now you know. so until next week, there's really only one thing that i want you to remember when it comes to your money and that's people first, then money, then things. k.t., i love you so very, very much. you are my one and only valentine. now, all of you stay safe. >>> this is "options action." tonight, retail wreck. walmart posts its worst month in seven years. so is costco next? dan has a trade to make you a lot of money. plus, metal melt down. some say 1500 is the next step. and breathing life into the billionaire brawl continues with carl icahn firing the latest shot. >> the fact that i don't like ackman is the strawberry on top
CNBC
Feb 12, 2013 6:00am EST
energy and education. those are the four topics i think you're going to hear. >> there are republicans around the country rolling your eyes as you're saying this. >> yes. i understand that. i think part of the president's job tonight is to explain how he's going to bring republicans along, but remember, he's talking over the republicans to the american people -- >> what happened to the middle? >> let me just say, the complaint -- i think the complaint against the president and the congress in general has not that they're not talking to what americans care most about right now which is the economy ask jobs. and that's true. the budget deficit -- >> he was talking about 18 and 19. >> i'm just saying that -- >> global warming and what was the other thing? >> there's immigration, there's guns. >> like 18, 19 and 20. >> exactly. you're going to hear a little bit about those. but it is time. i believe the white house believes it's time to talk over washington and to the american people about the economy and jobs. and i think that's right. >> i'm going to ask valley this. we've he
CNBC
Feb 13, 2013 2:00pm EST
cycle stocks. energy, materials, agriculture, we think they have pricing power and we think the economy will slow here. we are setting ourselves up tore next recovery and acceleration. we want to be positioned for that. >> in early cycle sectors you've just mentioned, pete, are there any specific stocks you would like us to know about? >> absolutely. agriculture is a growth industry. if you look at lindsay and belmont that make irrigation systems and agco makes farm equipment. all seeing the benefits of strong farm income. so there's an area where it is a pure domestic story. no political risk. and growth industry. we want to be positioned into those. they are boring. they are things people overlook for years. but that's where the opportunities exist. >> give us a name or two also that our viewers can hold as a tortoise stock, if you will. >> we specialize in boring, brian. >> that makes two of us. >> we peddle boring. as long as it makes us money, who cares. >> exactly, mandy. we have talked about before big lots. ticker big. so that's easy to remember. we think it is low 40s.
CNBC
Feb 14, 2013 3:00pm EST
. >> what's your take on sort of the positives? we've talked about energy and the potential for energy, exploration in this country. it seems like shale is increasingly being seen as one of the most important developments in the united states? >> absolutely. the story, just think about this. again, about a year ago, certainly in the aftermath of the 2008-2009 crisis we've seen u.s. gdp 1.5 and 2%. this is not the story we're seeing in europe. the u.s. story, the interesting story around the housing rebound. no seller is not constructive or positive about it, but there's something going on here that feels like there's momentum and obviously looking at the m & a story, three big-time transactions in the market. i think it's turning around. >> so do you feel that europe is on the right track though? >> i think there's a lot of scope for policy intervention, and i'm pretty optimistic that they are at a point where they will be more active. >> do you see bumps along the road? >> absolutely. i think the big ones are repayments, repayments scheduled, the election in germany and we all know, i
CNBC
Feb 11, 2013 12:00pm EST
icahn investments, up 68%. like energy. any of you guys want to take on carl. proof activism works when you have permanent capital in place. cvr, 2 billion, netflix, a quit $800 million, raise your hand, we can call carl. nobody? >> the guy's a winner on these? this is this is investment game. he's actually made it work. probably the best way to do is buy his stock. the problem you have with carl if you follow him into a stock after he's announced he's been into it, he can dump it and you won't know it. you're much better off following him iep and following the others. >> he's kill it with cep annette flicks. >> activism as public as ever with what they're calling for apple to do. good for the markets or bad? >> i think it's terrific for the markets. like being in 30 foot surf, would you rather be with a professional who knows where to be, how to get over the wave and how to take care of yourself if you can't or a bunch of amateurs. carl is one of the best. doesn't do things frivolously, understands what transparency and governance is. word structures tend to be toxikated by ceo iidis n
CNBC
Feb 15, 2013 6:00am EST
my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing durin
CNBC
Feb 19, 2013 6:00am EST
shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back. 6:43. who is this guy? ken langone. you're here, we should put you on. u.s. equity futures indicated up about 15 points. making headlines, nestle has remofld some
CNBC
Feb 12, 2013 3:00pm EST
on having to deal with deflation down the road so interest rates are low. the situation in energy which is not only going to drive manufacturing in this country and ultimately will lead to jobs in this country. the turnaround in housing. we have had a lot of problems, and we haven't chewed through all of them. haven't even throughed through all or part of them, but which eve chewed through a lot of them and nobody sounds a gun or blows a whistle when things have gotten better. sentiment is lagging and still slow, but i think the market as a whole, no one individual with the market as a whole is looking ahead and said with these advantages i think, you know, we could be on the threshold of a bull market. look what happened in the early '80s. that was a period, a period of very, very poor sentiment for a very long time. no one would have forecast a 20-year bull market cycle, and i can't even do that now, but i could tell you the fact that the sentiment is negative will have no bearing on what happens. >> what about europe? how concerned are you about europe, that it's going to rear
CNBC
Feb 14, 2013 6:00am EST
hopeful you'll get an energy policy that will drive oil and gas, that will do research on renewables. i don't want venture capital on renewables but i want research on renewables. i want to drive fracking on public as well as private land. we haven't touched public lands. i want to be an exporter, sorry -- >> we talked about that. >> of gas. i want to be somebody that provides the low cost energy producer. that's how you'll bring jobs back. you don't bring jobs back by legislation. you bring jobs back by making it the place to be. >> the president did mention this in the state of the union, more natural gas to keep electricity prices low. >> come on. he also talked about heck coalte costs lower. obama care isn't in yet. that's all recession related. that's nothing to do with obama care doing that. let's talk about regulators. i get the energy policy, if we open up and go. we replace chu, live, a jackson, these are people when you replace them, watch those appointments. >> it will be worse. >> pray to god you're wrong. if we can get the regulators to turn maybe not 180 but turn 120 so th
CNBC
Feb 12, 2013 5:00pm EST
board on cyber stocks. expectations that the presidents could issue an executive order. clean energy stocks continuing its run, as well. so, we saw solar stocks across the board going higher today. we should note, cnbc will have full coverage of the state of the union address tonight at 9:00 p.m. eastern time. let's get more on what we can expect here. the senior analyst at guggenheim partners -- i love -- chris krueger, the graphic was just -- >> chris, if you didn't get a chance to e so it, that was exciting stuff. >> no problem. >> chris, in terms of what the president will lay out, will jobs and the economy be number one in your view? >> absolutely. i mean, this is -- what we're going to see tonight is basically the sequel to the inaugural that we saw three weeks ago with a real focus on middle class job growth and job creation with sort of climate change, immigration reform, gun control and the sequester sort of taking a secondary role. >> and in terms of how he -- his tone will be received, he received a lot of criticism during his inaugural address for being too strident, for
CNBC
Feb 13, 2013 12:00pm EST
lot of his energy and he owns growth in -- >> dr. j. you're dying owns -- >> dr. j, you're dying to get in, i can see. >> i don't disagree. i think he is frustrated as many of his peers are about that capital allocation and i think the stock performance was the number one thing that took him out, michelle, and we can ask him next time he is on. but maybe number two or maybe even number one was that capital allocation. the fact that they didn't address any of it when the tax structure was lower last year and the fact that they have basically put up a big red light as far as listening to einhorn or anybody else with what they should do with their capital. i think the board is deaf here and i think that -- >> let me talk to the man in my head. do we know if this is in response to what tim cook did or didn't do? nothing on timing yet. >> okay, the euro that's been on a tear to start off the year is largely flat. currency traders await the upcoming meeting. let's get to the trade with andy bush of the bush update. andy, good to see you, wow. you need a little bit after rest, right? holy
CNBC
Feb 15, 2013 12:00pm EST
appreciation in the last quarter has been due to results. health care and energy, but not much value in consumer staples. not much value in the high flying consumer discretionary names. you have to be much more careful. >> the doctor is virtual today but doc give us some ideas. >> i think pete nailed it as far as the fact that a lot of folks when they do lighten up on their equity holding, scott, they still want that exposure. they are getting it in options. whether it was the folks that bought a lot of equity, puts which i said last week people misread that. they didn't know they bought puts and bought that contract as well. that's a synthetic call. that's the same kind of trade you saw in heintz this week. in other words, people are reaching out there and they are trading these derivatives more actively. the premiums are cheaper. that gives them more bang for the buck. >> well the battle over apple is heating up as some of wall street's biggest players take sides. new filings show the likes of david einhorn and david tepper increasing their stakes while dna loeb and leon cooperman
CNBC
Feb 12, 2013 9:00am EST
infrastructure, investing in energy, all of those are ways to make our economy stronger. that will be the central focus of the president's remarks this evening. >> texas republican congressman randy newbauer joins us on capitol hill. good morning. >> good morning, how are you, carl? >> good. a lot of discussion today whether this will be an echo of some called the cockiness, the confrontation of the inaugural. is that what you're looking for today? >> i think so. i think what the president laid out in his inaugural address is more taxes, more spending and more government. i feel like we're just going to get the details of that tonight. >> there's been a lot of discussion about how you go about with a big agenda. some say it's his last chance to go big. when you still have so many economic anxieties at work. do you think tonight's speech will be about jobs and middle class, or will it bleed into guns and immigration? >> i think it will be a little of both. i think what the president owes the american people is an explanation of why he wants to continue down a road where it's not workin
CNBC
Feb 15, 2013 9:00am EST
drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing durin
CNBC
Feb 11, 2013 6:00am EST
with his work because of his health. he does not have the strength or the energy to go forward. now, he will be stepping down on the 28th of february. that is the official day. and really, again, it came as much of a surprise. he did become pope in april of 200 5 after john paul ii passed away. and has been affected by a weak health, but apparently what happened is that he became more unhealthy in the last month because of a degenerative problem in his bones which makes moving around very, very difficult. but he was last seen on the 8th of february and on sunday did once again do his mass vatican. so things appeared quite normal up until ten minutes of 12:00 today when he did announce that he can no longer move forward in his position. >> thank you so much, claudia. i saw the pope speak live in cuba and i gave him a lot of credit. he was staring at raul castro in the front row. and i thought it was very brave to talk about democracy and freedom in a place that so desperately needs it. he's never loved as much as -- i always refer to him as want pablo -- it's a tough act to follow. >
CNBC
Feb 13, 2013 4:00am EST
looking at fundamental issues -- growth, stability, jobs, energy, financial markets. one of the key issues that's been discussed here, one of the so-called sherpa meetings ahead of the official meeting friday and saturday is about finance, it where are the financial flows and key for finance for infrastructure especially in areas such as asia, as well, which of course is part of the emerging powers. the other g-13 so to speak. with that in mind, imf senior economist for asia pacific joins us. i know you're not here to talk go-20 specifically or currency wars. i'll put that on the table. you are here to talk about infrastructure flows which is absolutely key to a lot of emerging economies in asia, as well. what's the message that you're hearing? what's the message you're giving? >> i think there's an issue in a lot of countries that there are large infrastructure gaps. we see it in advanced economies and in emerging markets of the there's an issue of where funds are going to come from to address gaps. they're questions related to how the funds will be sourced and how they will be int
CNBC
Feb 15, 2013 4:00pm EST
right now. besides the higher payroll taxes, higher energy prices, tougher comps compared to last year and tax refund checks are late this year. that's a major issue for a digs counter like walmart. retailers, kohl's dropped, target dropped and there's rumors that there might be interest in gap but the company doesn't comment on rumors or speculation and the higher dollar put pressure on commodities all day. the big story. energy stocks have had a great year, but the bottom line is they have all had a weak day today. finally take a look at the month, february. s&p 500 up 1.4%. maria, look at the rest of the world, all to the downside. we're outperforming everybody else. >> there you go. it looks like it's the best game in town. bob, you said something a minute ago. i want you to tell me when. when do people get the tax checks had. >> they are delayed because the irs would normally be senning out by the middle of january a large number of checks. they have been delayed several weeks because of the problems with -- with dealing with the fiscal cliff issues. >> thanks, bob. we'll see you
CNBC
Feb 12, 2013 4:00am EST
is expected to include more money for education, clean energy, manufacturing jobs and infrastructure. some ideas will be repackaged from his first term. the white house says there will also be new ones. we'll have special coverage of the state of the union address tonight at 9:00 p.m. and 11:00 p.m. eastern. >> and michelle obama will have a special guest in his box, the apple ceo tim cook. it's the second year an invitation has been extended to apple. last year, steve jobs' widow was invited. >>> and democrats plan to unveil a series of targets on tax increases on top earnings this week. that would replace the automatic cuts set to take effect on march 1st. aides say the tax dut would allow for a ten-month delay to that sequester. the plan is likely to be introduced on thursday, but the proposals are expected to be rejected by republican leaders. >>> president obama may sign a protective order aimed as decreasing number of cyber attacks on wednesday. the order would give the department of homeland security the lead role in sharing cyber threats with private industry a
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